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Area real estate median price up 5.3% from a year ago
Posted by: KMxMN ()
Date: November 10, 2014 02:34PM

Washington's housing market is still trailing year-ago performance, but sales picked up in October from the previous month, and the median selling price in the Washington metro was the highest October-level in nine years.

Listing service MRIS' monthly RealEstate Business Intelligence Report says the median price of a closed sale in October was $400,000, up 2.6 percent from September, and the highest October price since 2005. It was also the highest year-over-year percent increase in eight months, up 5.3% from a year ago.

Pending sales metro-wide were up 4.6 percent from September. The number of new listings was down 12.7 percent.

Compared to a year ago, the number of closed sales in the Washington region was down 2.8 percent. MRIS says that was driven entirely by a decrease in distressed property sales, including foreclosures and short sales. The number of distressed sales in October was down 21.5 percent from a year ago.

While there are pricier neighborhoods in Washington, Falls Church City continues to lead median prices by jurisdiction, at $615,000 last month, up 4.2 percent from a year earlier.

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Re: Area real estate median price up 5.3% from a year ago
Posted by: KMxMN ()
Date: November 10, 2014 02:36PM

The Vienna market has been hurting this past year, sales are down, and the average sale price also fell 3.8%.

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Re: Area real estate median price up 5.3% from a year ago
Posted by: Febs ()
Date: November 10, 2014 02:40PM

Once republican get done gutting the FED gov there will be PLENTY of homes for sale VERY CHEAP. w

Wait until about February.

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Re: Area real estate median price up 5.3% from a year ago
Posted by: Reduy ()
Date: November 10, 2014 02:41PM

.
Attachments:
ted-cruz3.jpg

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Re: Area real estate median price up 5.3% from a year ago
Posted by: "number of closed sales down" ()
Date: November 10, 2014 02:43PM

Reality. It's a stone cold bitch.

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Re: Area real estate median price up 5.3% from a year ago
Posted by: RE Magnate ()
Date: November 10, 2014 06:31PM

KMxMN Wrote:
-------------------------------------------------------
> The Vienna market has been hurting this past year,
> sales are down, and the average sale price also
> fell 3.8%.

Actually, contracts in Vienna in Oct 2014 were up by one over Oct 2013 -- 57 to 56. Median sales price was meanwhile up by 6.3% year-over-year to $660,500, while average sales price rose 11.3% to $768,200.

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Re: Area real estate median price up 5.3% from a year ago
Posted by: More great RE news... ()
Date: November 11, 2014 10:03AM

"NEW CONTRACTS 11th month in a row of year-over-year declines with Condos and Townhouses seeing the largest percentages"

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Re: Area real estate median price up 5.3% from a year ago
Posted by: Fairfax =/= "area" ()
Date: November 11, 2014 10:16AM

But hey, it's all bullshit, right?

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Re: Area real estate median price up 5.3% from a year ago
Posted by: Glen Beck. ()
Date: November 11, 2014 10:23AM

I hope you guys are prepared, home prices in Fairfax will fall back to 90s pricing.


I told you guys to buy gold and canned food, you didn't listen.

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Re: Area real estate median price up 5.3% from a year ago
Posted by: Jeff Beck ()
Date: November 11, 2014 10:54AM

Lot of sale signs out. Seasonality of real estate is out of whack.

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Re: Area real estate median price up 5.3% from a year ago
Posted by: Real deal ()
Date: November 11, 2014 02:56PM

A broken clock is right twice a day. That is S-O-O-O-O-O-O-O much better than any of these babbling assfuck dumbshit gloom-and-doomers. It would be hard to find any more ignorant and useless people than these fools.

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